Thoughtworks (NASDAQ:TWKS – Get Free Report)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $6.00 price objective on the stock. Wedbush’s price objective would suggest a potential upside of 96.08% from the stock’s previous close.
TWKS has been the subject of a number of other reports. William Blair reaffirmed a “market perform” rating on shares of Thoughtworks in a report on Wednesday, February 28th. Citigroup decreased their price objective on Thoughtworks from $2.75 to $2.50 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Robert W. Baird increased their target price on Thoughtworks from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada decreased their price target on Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. Finally, Piper Sandler dropped their price objective on Thoughtworks from $5.00 to $3.40 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.82.
View Our Latest Research Report on Thoughtworks
Thoughtworks Stock Performance
Thoughtworks (NASDAQ:TWKS – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $252.39 million during the quarter, compared to the consensus estimate of $268.34 million. Thoughtworks had a negative return on equity of 2.46% and a negative net margin of 6.09%. Equities analysts forecast that Thoughtworks will post -0.04 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Thoughtworks
Institutional investors and hedge funds have recently bought and sold shares of the business. Inspire Investing LLC acquired a new position in Thoughtworks during the 1st quarter worth about $360,000. Duality Advisers LP bought a new position in shares of Thoughtworks in the first quarter worth about $36,000. Catalina Capital Group LLC acquired a new position in shares of Thoughtworks during the first quarter worth approximately $26,000. Mubadala Investment Co PJSC bought a new stake in shares of Thoughtworks during the fourth quarter valued at approximately $37,411,000. Finally, Aristides Capital LLC bought a new position in Thoughtworks in the 4th quarter valued at $260,000. Institutional investors and hedge funds own 32.81% of the company’s stock.
About Thoughtworks
Thoughtworks Holding, Inc provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. The company's consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses.
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